Bitcoin’s Big Wobble! 😱

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Now listen closely, you lot! These traders, see, they’re glued to this Bitcoin thingy, watching it like hawks. And guess what? It’s wobbling! A proper wobble, like a jelly on a plate. Some so-called ‘analysts’ – and believe me, they’re a funny bunch – are saying it’s going to take another tumble. A big tumble. Honestly, you’d think they’d have learned by now.

The Support Snapped! A Right Mess!

For ages, this Bitcoin price was bouncing around inside a little channel, as happy as a clam. But then, SNAP! The channel broke. A clever chap called Ali Martinez – sounds like a magician, doesn’t it? – pointed out that this breakage means the jig is up. It’s all gone horribly wrong! From nicely neutral, it’s become decidedly… grumpy. Bearish, they call it. Sounds beastly, doesn’t it?

Bitcoin has broken out of a channel, opening the door to a move to $83,500!

– Ali (@ali_charts)

It all went downhill when it couldn’t get back over $100,500. A complete failure, I tell you! Since then, it’s been going lower and lower, like a slug on a slide. Martinez reckons it’ll pause for breath between $95,000 and $97,000 – just long enough for you to think ‘maybe it’s going up!’ – before plummeting again, unless someone with a lot of money decides to be nice. Which, let’s be honest, rarely happens.

He says it might bounce around at $91,500, then $89,000, then $86,500… but if none of those work, it’s heading straight for $83,000! Oh dear, oh dear. 😬

Everyone’s Panicking! Honestly, It’s Pathetic!

And the mood? It’s dreadful! The ‘Fear & Greed Index’ – a silly name, if you ask me – has gone right down to 10. Ten! That’s the level of panic you get when you realize you’ve left your best trousers on the bus. It hasn’t been this low since that LUNA disaster in 2022. They’ve been stuck in ‘Extreme Fear’ for weeks, not just a couple of days. Honestly, you’d think they’d get a grip! 🙄

Apparently, this kind of panic often means it’s about to get better. But timing is tricky, like trying to catch a greased piglet. They can stay miserable for ages before they cheer up.

A Tiny Sliver of Hope? Maybe?

A fellow called MichaĂŤl van de Poppe – a bit of a mouthful, that – has a slightly different thought. He says that even though things look awful now, Bitcoin often has a little bounce at the end of the week. He thinks it might hit its lowest point in the next few days, which would allow it to start building itself back up. A tiny glimmer of hope! Though I wouldn’t bet your pocket money on it.

This weekly candle of , and the lower timeframe price action, doesn’t say that we’re going to inverse back up quickly.

Standard Sunday jump, however, I think we’ll see a low being printed in the coming 3-5 days and the next weekly candle to provide a potential bottoming…

– MichaĂŤl van de Poppe (@CryptoMichNL)

He admits it could still get worse, but at least he thinks the worst might be nearly over. Almost.

So, What Are These Traders Waiting For?

Basically, everyone’s waiting to see if anyone will actually buy the thing when it gets cheaper. Will they jump in and save it? Or will they stand there, wringing their hands and moaning?

If enough people start buying around $95,000, it might stop falling. But if they don’t, it’s going to keep dropping, and dropping, and dropping… until someone finally gets brave.

Right now, fear is in charge. It’s a silly situation, really, and the next move depends on whether anyone is feeling a bit less scared. Don’t hold your breath! 🤷

Disclaimer: This is just a bit of fun, mind you. Don’t go spending your sweet money on anything I say! This isn’t proper advice, just a silly story. Get some proper advice from a grown-up before you do anything daft.

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2025-11-16 21:06